How does it work? Is it a good or bad thing, or at least something with desirable potential? I know pretty much nothing about it, but it looks as though Facebook is launching a cryptocurrency that may be of major impact.
I don't really understand either. On one hand, I approve of the idea of removing international exchange commissions and the like from worldwide transactions, but on the other hand, it is pretty obvious that to make money, they are already charging you something right from the start to enter the system, so isn't that the same as a commission?
There was a rather lengthy article in my newspaper today about the danger of elevating private companies to the status of currency issuing entities. Do you want Facebook controlling the economy? Did you vote for them in your last election?
Cryptocurrency is impossible to predict. There is a reasonable chance that my cryptocurrency holdings (which currently represent less than 5% of my portfolio) will be worth nothing in the future. There is also a reasonable chance that they will be worth more than anything else I've ever purchased.